The President of Nigeria-Russia Business Council, Goddie Ibru has urged the Federal Government to harness agriculture, solid minerals, hospitality and tourism as alternative source of wealth creation for the country.
Ibru said this in Lagos during the Hi-impact interactive lecture series, tagged: “Wealth Creation, A Practical Experience,” organised by Caleb University.
According to the Council President, one of the easiest ways to diversify the country’s economy was agriculture, solid minerals, hospitality and tourism.
He added that while solid minerals might be capital intensive, agriculture which is the mainstream of Nigeria economy, is cheaper to invest on due to availability of lands and population.
The president urged the Nigerian government to reintroduce a more functional quality control board similar to the old marketing board.
He stressed that the government should make Nigeria an attractive destination for investment and come up with policies which could create incentives for people to invest, while developing its foreign direct investment to make the country attractive for foreign investors.
“By this policy, foreigners would be encouraged and say if we go to Nigeria, we will make good return on our investment.” Ibru said.